Orion energy systems preliminarily expects q3'22 revenue of approximately $30.5m, reduces fy 2022 revenue outlook to $130m and holds investor call today at 5:00pm et

Manitowoc, wis., jan. 18, 2022 (globe newswire) -- orion energy systems, inc. (nasdaq: oesx) ( orion lighting ), a provider of energy-efficient led lighting, controls and iot systems, including turnkey project implementation, program management and system maintenance, announced today that it preliminarily expects revenue of approximately $30.5m for its fy 2022 third quarter ended december 31, 2021. due to customer delays on several larger led lighting and controls projects, primarily caused by the response of customers to supply chain disruptions and covid-19 related impacts to their businesses, orion now anticipates fy 2022 revenue of approximately $130m, as compared to its prior expectation of at least $150m. orion's updated fy 2022 revenue outlook represents growth of approximately 11% over fy 2021 revenue of $116.8m. orion will hold an investor call today at 5:00 p.m. et to discuss its updated outlook:
OESX Ratings Summary
OESX Quant Ranking